Daily Current Affairs: 07 May 2014

1) SC
quashed Kerala law, allows TN for raising of water level in Mullaperiyar dam:
In a victory for Tamil Nadu, the Supreme Court on Wednesday allowed the raising
of water level in Mullaperiyar dam up to 142 feet. The apex court quashed the
law passed by the Kerala assembly on the Mullaperiyar dam. The SC restrained
the Kerala government from implementing the legislation and obstructing Tamil
Nadu from increasing water level. The SC also set up a 3-member committee
headed by a Central Water Commission member to ensure proper repair of the
Mullaperiyar dam. There had been differences between the two states over the
safety of the dam.

2) Supreme
Court banned jallikattu in Tamil Nadu: Even bulls have rights against
torture, the Supreme Court observed on Wednesday as it banned ‘jallikattu’
(bull fighting) and bullock cart racing in Tamil Nadu. The court also banned
bullock cart racing in Maharashtra. A Bench of Justices K.S. Radhakrishnan and
Pinaki Chandra Misra said, “Forcing a bull and keeping it in the waiting area
for hours and subjecting it to the scorching sun is not for the animal’s
well-being. Forcing and pulling the bull by a nose rope into the narrow, closed
enclosure or ‘vadi vassal’ (entry point), subjecting it to all forms of
torture, fear, pain and suffering by forcing it to go the arena and also
over-powering it in the arena by bull tamers, are not for the well-being of the
animal.”

3) Virat
Kohli is Most Searched IPL Player this Season: Royal Challengers Bangalore
(RCB) skipper Virat Kohli takes the top spot as the most searched Indian
Premier League player this season, closely followed by Chennai Super Kings
(CSK) captain Mahendra Singh Dhoni.

4) Kolkata
franchise of Indian Super League launched, christened Atletico de Kolkata:
The Kolkata franchise of the much awaited Indian Super League was finally
inaugurated as Atletico De Kolkata in the state of West Bengal. Emphasizing on
the importance of providing the right football education to youngsters in
India, Atletico De Madrid expressed its anticipation and dreams towards the
Indian team. Taking the prompt from Spanish co-owners and UEFA Champions League
finalist Atletico De Madrid, owner and CEO of the latter Miguel Angel Gil Marin
along with city based co-owners former Indian cricket captain Sourav Ganguly,
industrialists Harsh Neotia, Sanjiv Goenka and Utsav Parekh unveiled the team.

5) AirAsia
India granted flying licence by DGCA: Malaysia-based AirAsia came a step
closer to launching its low-cost airline in India on Wednesday as it secured a
key permit from the aviation regulator. The Directorate General of Civil
Aviation (DGCA) has issued an air operators’ permit (AOP), a move that is
likely to bring cheers to passengers, potentially setting the stage for a fare
war with budget carriers such as IndiGo and SpiceJet. AirAsia’s Group CEO Tony
Fernandes has promised “nano fares” and has said that the revenue management of
Indian carriers was “very poor” and air fares were "just too high". It has taken more than a year for AirAsia
India, a joint venture between AirAsia, Tata Group and Arun Bhatia of Telestra
Tradeplace to get the AOP.

6) President
to dedicate indigenous card payment network 'RuPay': President Pranab
Mukherjee will dedicate India's own card payment network 'RuPay' to the nation
here Thursday. The RuPay card is accepted at all ATMs (1.6 lakh plus), 95 per
cent of PoS terminals (9.45 lakh plus) and most of the eCom merchants (about
10,000) in the country, an official statement said. A variant of the card
called 'Kisan Card' is now being issued by all the public sector banks in
addition to the mainstream debit card which has been issued by 43 banks.
'RuPay' is developed by National Payments Corporation of India (NPCI) - a
'not-for-profit' company envisioned by the Reserve Bank and created by the
banking industry.

7) Thai
PM Yingluck Shinawatra dismissed from office by court: Thailand's
Constitutional Court has dismissed caretaker Prime Minister Yingluck Shinawatra
from office, ruling that she is guilty of violating the country's constitution
for reassigning a senior security official in 2011. Niwatthamrong
Boonsongpaisan will assume that role until the next government comes to power
post July elections.

8) Phase
8 of LS polls sees record voter turnout in all 7 states: Voters turned up
in large numbers in the eighth phase of polling on Wednesday to keep up a trend
that has seen a high 66.27% turnout for 502 Lok Sabha seats so far in the
general election—beating the 57.94% turnout notched up in 2009 for the same
seats. Seven states—Andhra Pradesh, Bihar, Himachal Pradesh, Jammu and Kashmir,
Uttar Pradesh, Uttarakhand and West Bengal—went to polls on Wednesday. All
seven registered a higher turnout than in the 2009 Lok Sabha elections,
Election Commission (EC) director general Akshay Raut said. Last phase is
scheduled for 12 May.

9) Country’s
first voter Negi casts his vote: India’s first voter Shyam Saran Negi on
Wednesday cast his vote at a polling booth at his native place in Himachal
Pradesh. Mr. Shyam Saran Negi became the first voter of the country when
elections were held for the first time in the country on October 25, 1951 in
Kinnaur. The State Election Commission recently appointed him as its brand
ambassador for the poll campaign in the tribal region.

Daily Current Affairs: 07 May 2014
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1) SC quashed Kerala law, allows TN for raising of water level in Mullaperiyar dam: In a victory for Tamil Nadu, the Supreme Court on Wed...